We’ve talked about cash flow before. It's the lifeblood of your business, so it’s important to pay attention to it. And whether your company’s cash flow is high or low, there are always strategies to improve it. What causes that beginning-of-the-year dry spell? Every business is different, but many businesses experience a dip in cash flow in January and sometimes into February. There are many … [Read more...]
New Changes for 2017 Form 1099 Filing Deadlines
If you’ve been reading our blog, you know that having your 1099 forms properly submitted and accounted for is a critical part of ensuring accurate tax filings, both for businesses and taxpayers. This year, the IRS has made a significant change to the rules for filing Form 1099. The change relate to the 1099-MISC, which is issued to independent contractors and recipients of non-employee … [Read more...]
IRS Scams: Don’t be a Victim!
How to spot and report IRS scams Your home phone rings. You’re surprised--who even calls a landline nowadays? It’s an unfamiliar number, and when you answer, you’re in for an unpleasant surprise:You’re being prosecuted by the government because you owe the IRS thousands of dollars in taxes, and you need to act now to avoid jail!Or DO YOU?Chances are, you’re being targeted for one of … [Read more...]
How to Create an Accurate Budget: Look Back
Many companies and individuals spend time creating and monitoring a budget. You know how it goes--if you’re a company, you look at your sales, and if you’re a person, you look at your pay stubs. Then you look at your bills. You think about how you want to save money. You wish you could save more, so you decide you’ll tighten your belt. The result? You come up with a budget that could only be … [Read more...]